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What to Expect from NextEra Energy Stock

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Jan. 18 2019, Updated 12:35 p.m. ET

Chart indicators

NextEra Energy (NEE), one of the top-rallied stocks among the biggest utilities, is trading 4% above its 200-day moving average. The level at $169.5 seems to be crucial support for NextEra Energy stock. The stock hasn’t fallen below its 200-day moving average level in almost a year. NextEra Energy’s 50-day moving average close to $176.5 will likely act as a resistance for the stock in the near future. NextEra Energy’s RSI (relative strength index) stands at 57, which implies that the stock isn’t in the overbought or the oversold zone.

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Short interest

The short interest in NextEra Energy stock fell 5% as of December 31. The total shorted shares in NextEra Energy were 6.4 million on December 14. The total shorted shares decreased to 6.1 million as of December 31.

A decrease in the short interest could indicate that fewer investors expect NextEra Energy to fall from the current price levels. The short interest is the number of shares that are sold short and not squared off. The short interest measures investors’ anxiety.

NextEra Energy stock has rallied more than 21% from its 52-week low of $145.1 in February 2018. The stock has fallen almost 5% from its 52-week high of $184.2 in December 2018.

To learn how NextEra Energy’s peers are currently valued and what their chart indicators suggest, read Analyzing Southern Company’s Key Indicators.

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